The job-eosting system at Shiley/s Custom Framing has five indrect cost pooks (purchasing, materia handing, machine maintenance, product inspecsion, and packaging) The campary is in the process of bidding on wo jobs; Job 215, an order of 16 intricate personalued frames, and Job 325 , an order of six standad personaized frames. The controler wants you to cormpare cvertead alocated under the curront simple job-costing system and a newly designed activity-based job-cosing system. Total budgeted costs in each indirect-cost pool and the budgeted ciantity of each activity diver are as follows. (Click the icon to vew the coot and driver data) (C) (Click the icon to view the job data.) Read the reavirements Requirement 1, Compule the total overhead alocaled to each job under a smple costing system, where overhead is aliocated based on machine-hourn. Begin by calculating the overhead rate under the simple costing system, First seict the formula, then enter the applicable amounts and calculate the rato. (Round your answer to the nearest ant Abbrevisbons usedi bgt = budgeted, mach. = machine, mat, = matorial, purch. = purchase, cy, = quanthy.) Data table More info Information related to Job 215 and Job 325 follows. Job 215 incurs more batch-level costs because it uses more types of materials that need to be purchased, moved, and inspected relative to Job 325 . Requirements 1. Compute the total overhead allocated to each job under a simple costing system, where overhead is allocated based on machine-hours. 2. Compute the total overhead allocated to each job under an activity-based costing system using the appropriate activity drivers. 3. Explain why Shirley's Custom Framing might favor the ABC job-costing system over the simple job-costing system, especially in its bidding process. Requirement 1. Compute the total overhead allocated to each job under a simple costing systom, whore overhead is allocated based on machine-hours. Begin by calculating the cverhead fate under the simple costing system. First solect the formula, then enter the applicable amounts and calculate the rato. (Round your answer io the nearest cant Abbreviasions used: bgt. = budgoted, mach. = machine, mat, = malerial, purch. = purchase, qty = quartily. The job-eosting system at Shiley/s Custom Framing has five indrect cost pooks (purchasing, materia handing, machine maintenance, product inspecsion, and packaging) The campary is in the process of bidding on wo jobs; Job 215, an order of 16 intricate personalued frames, and Job 325 , an order of six standad personaized frames. The controler wants you to cormpare cvertead alocated under the curront simple job-costing system and a newly designed activity-based job-cosing system. Total budgeted costs in each indirect-cost pool and the budgeted ciantity of each activity diver are as follows. (Click the icon to vew the coot and driver data) (C) (Click the icon to view the job data.) Read the reavirements Requirement 1, Compule the total overhead alocaled to each job under a smple costing system, where overhead is aliocated based on machine-hourn. Begin by calculating the overhead rate under the simple costing system, First seict the formula, then enter the applicable amounts and calculate the rato. (Round your answer to the nearest ant Abbrevisbons usedi bgt = budgeted, mach. = machine, mat, = matorial, purch. = purchase, cy, = quanthy.) Data table More info Information related to Job 215 and Job 325 follows. Job 215 incurs more batch-level costs because it uses more types of materials that need to be purchased, moved, and inspected relative to Job 325 . Requirements 1. Compute the total overhead allocated to each job under a simple costing system, where overhead is allocated based on machine-hours. 2. Compute the total overhead allocated to each job under an activity-based costing system using the appropriate activity drivers. 3. Explain why Shirley's Custom Framing might favor the ABC job-costing system over the simple job-costing system, especially in its bidding process. Requirement 1. Compute the total overhead allocated to each job under a simple costing systom, whore overhead is allocated based on machine-hours. Begin by calculating the cverhead fate under the simple costing system. First solect the formula, then enter the applicable amounts and calculate the rato. (Round your answer io the nearest cant Abbreviasions used: bgt. = budgoted, mach. = machine, mat, = malerial, purch. = purchase, qty = quartily
